The US Federal Reserve (Fed), along with its Federal Open Market Committee (FOMC), is expected to increase interest rates due to higher than expected nonfarm payroll jobs, higher wages, and rising inflation.

The minimum fare for jeepneys will increase from P7 to P8 following the Land Transportation Franchising and Regulatory Board's (LTFRB) approval of the transport groups' petition. The P40 taxi flag-down rate is also back.

The Department of Environment and Natural Resources (DENR) announced the names of the 23 mining companies ordered to be closed and five others for suspension. The orders were based on the results and recommendations of the multi-sectoral audit teams engaged to investigate the mining companies.

Land Bank of the Philippines (LBP) and Japan International Cooperation Agency (JICA) signed a loan agreement that will provide financing facility for the agribusiness investments in Autonomous Region in Muslim Mindanao (ARMM).

Bangko Sentral Governor Amando Tetangco Jr. thanked the leaders of the banking industry and the BSP's partner institutions in his speech during the bankers' night. He also confirmed that his term as BSP governor ends on July 2.